Hello traders, XRP / USD is on a figure of H&S on the institutional unit in that of H4 we see a channel and a downward wedge.
Returning to the TIMEFRAME H1 we have a bullish signal with a pull back on short term SMMAs.
It just passed a line of previously breaker setour on buy volume, it is in a symmetrical triangle.
So the goal is the largest SMMA before the next resistance can be a drag for a return to the trendline at best.
We can see a form of H&S then we have a propability of a bullish move on next resistance.
With the confirmation of a bullish signal shows that the market psychology remains unchanged.
Great potential for testing on the uptrend line thereafter before the support area with a pull back entry on its support.
This is not investment advice but recommendations for use.
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Returning to the TIMEFRAME H1 we have a bullish signal with a pull back on short term SMMAs.
It just passed a line of previously breaker setour on buy volume, it is in a symmetrical triangle.
So the goal is the largest SMMA before the next resistance can be a drag for a return to the trendline at best.
We can see a form of H&S then we have a propability of a bullish move on next resistance.
With the confirmation of a bullish signal shows that the market psychology remains unchanged.
Great potential for testing on the uptrend line thereafter before the support area with a pull back entry on its support.
This is not investment advice but recommendations for use.
I hope you enjoyed it.
Thank you for taking the time to read my analysis.
Comment on your ideas in the space dedicated to the description.
Please LIKE & FOLLOW, thank you!